[Solved] The profit for the year of a business was

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 10, 2024

The profit for the year of a business was 25,000. Balances in the business's books include the following: Premises: 85,000 Trade receivables: 10,000 Trade payables:

The profit for the year of a business was 25,000. Balances in the business's books include the following: Premises: 85,000 Trade receivables: 10,000 Trade payables: 9,000 Inventory: 4,000 Cash: 3,000 Long term loan: 10,000 What is the return on capital employed (ROCE)%? Select one: a. 15.79% b. 17.05% C 19.23% d. 30.12%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Internal Auditors Guide To Risk Assessment

Authors: Rick A. Wright Jr.

2nd Edition

ISBN: 1634540158, 9781634540155

More Books

Students also viewed these Accounting questions

Question

★★★★★

On January 1, 2010, the Hadad Company entered into a consignment agreement with the Trinidad Company. The agreement specifies that the consignee (Trinidad) is to sell the merchandise at a price of...

Answered: 1 week ago

Question

★★★★★

Initially, a rigid 0.00246-m 3 tank is filled with saturated liquid water at 100 kPa. A cover is placed on the tank, and the water then cools to 294 K. The diameter of the opening underneath the...

Answered: 1 week ago

Question

★★★★★

1.57 Pulse Rates A group of 50 biomedical students recorded their pulse rates by counting the number of beats for 30 seconds and multiplying by 2. a. Why are all of the measurements even numbers? b....

Answered: 1 week ago

Question

★★★★★

A sinking fund can be set up in one of two ways: (1) The corporation makes annual payments to the trustee, who invests the proceeds in securities (frequently government bonds) and uses the...

Answered: 1 week ago

Question

★★★★★

Compute the future value of a $180 cash flow for the following combinations of rates and times. (Do not round intermediate calculations. Round your answers to 2 decimal places.) a. r = 8%; t = 10...

Answered: 1 week ago

Question

★★★★★

Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $330,000 per quarter. For financial reporting...

Answered: 1 week ago

Question

★★★★★

Create a function (could be piecewise) that demonstrates the following discontinuities. (a) jump discontinuity (b) point discontinuity (c) infinite discontinuity Prove that f(x) is continuous at x =...

Answered: 1 week ago

Question

★★★★★

e) Alice wishes to sign a document and send it to Bob using RSA signatures. Suppose she generates two primes p = 7, q = 11, and a public exponent e =43, and publishes (n. e) as her public key (6...

Answered: 1 week ago

Question

★★★★★

yellow boxes NAME Suppose you administer a certain aptitude test to a random sample of 9 students in your school, and that the average A new sneaker claims that it can make male athletes jump higher....

Answered: 1 week ago

Question

★★★★★

You have a firm that starts out with $70,000 in cash in the bank. You have three investment opportunities. You can undertake any or all of these investment opportunities, but you may only invest in...

Answered: 1 week ago

Question

★★★★★

Base on the diagram 2a, what is the MySQL version? Wireshark - Follow HTTP Stream (tcp.stream eq 4).SQL_Lab.pcap ID: 1 or 1-1 union select null, version ()# First name: admin Surname: admin ID: 1' or...

Answered: 1 week ago

Question

★★★★★

1. Oprah Winfrey is one of Americas most popular talk-show hosts. Consider the behaviors she displays on her show, and then complete the following exercises:

Answered: 1 week ago

Question

★★★★★

2. Print out the most recent e-mails that you have sent or received and bring them to class. Analyze their effectiveness in terms of the e-mail tips in this chapter. Did the messages violate any of...

Answered: 1 week ago

Question

★★★★★

3. Lets assume that you have been hired to study the series of mix-ups that involved personnel employed by Automatic Elevator, Cardinal Health, and Duke Hospitals; propose your recommendation that...

Answered: 1 week ago

Previous Question Next Question